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Forwarding
News and analysis of freight forwarding, NVOCCs, third-party logistics, and shipper strategies
The latest
Forwarding
News & Analysis
Record profit for DB Schenker lifts parent group into black
Greg Knowler, Senior Editor Europe |
Despite being prepared for divestiture, the performance of global forwarder DB Schenker is the only reason Deutsche Bahn group is profitable at present.
Forwarding
Asia-Europe
International rail
Intermodal providers
US outlook for second-half rebound of Asia imports darkens
Mark Szakonyi, Executive Editor |
US big-box retailers are receiving fewer imports while inventories remain elevated and US consumer confidence teeters, boding poorly for a significant second-half rebound in Asia container imports, writes JOC Executive Mark Szakonyi.
Trans-Pacific
Container Shipping News
Container lines
Forwarding
Marine terminals
North American ports
Trucking News
Forwarders grapple with new freight rate math on tech investments
Eric Johnson, Senior Technology Editor |
Forwarders that experimented with new software during the days of robust freight demand now face a dilemma over what technology produces actual returns on investment as volumes and margin shrink.
Logistics Technology News
Forwarding
Air Cargo Forwarder News
German strikes over pay dispute cripple transportation network
Greg Knowler, Senior Editor Europe |
German unions demanding inflation-busting wage increases walked off the job Monday, bringing the country’s transport system to a halt.
Surface
Forwarding
Rail News
International rail
Air Cargo Forwarder News
Transport, Trade, and Regulation News
WiseTech Global weighing US domestic tech acquisition options: CEO
Eric Johnson, Senior Technology Editor |
Widely used forwarding software provider WiseTech Global will pursue further US landside logistics technology targets in 2023, its CEO says.
Logistics Technology News
Container Shipping News
Forwarding
Freightos’ 2022 financials reveal losses amid improving operating margins
Eric Johnson, Senior Technology Editor |
Freight rate booking marketplace Freightos said its unprofitable business is seeing improving margins and that scale will help it past the breakeven point.
Logistics Technology News
Container Shipping News
Container lines
Forwarding
Air Cargo
Air Cargo Carriers News
Air Cargo Forwarder News
TPM23: Shipper demand for emissions data reveals industry gap
Greg Knowler, Senior Editor Europe |
Despite the lack of industry-wide emissions measurement, shippers are pressing ahead with their own sustainability programs and working with supply chain emissions data that is available, TPM23 attendees were told.
Maritime
Container Shipping News
Container lines
Forwarding
Trans-Pacific
Trans-Atlantic
Asia-Europe
Russia picks up rail freight slack as China-Europe volume slumps
Greg Knowler, Senior Editor Europe |
Official data shows overall volumes on the China-Europe rail network rose 6 percent last year over the then-record throughput handled in 2021, but there is no distinction between cargo destined for Europe or Russia.
Rail News
Forwarding
Asia-Europe
International rail
Intermodal providers
Logistics automation will work with humans, not replace them: experts
Eric Johnson, Senior Technology Editor |
Automation is already being infused into shipper and forwarder technology systems in ways that may be imperceivable to users.
Logistics Technology News
Forwarding
Supply chain
WiseTech continues acquisition campaign with $414 million Blume purchase
Eric Johnson, Senior Technology Editor |
WiseTech Global is doubling down on its reach into US intermodal networks with its $414 million purchase of Blume Global three weeks after acquiring drayage tech provider Envase.
Logistics Technology News
Maritime
Forwarding
International rail
Intermodal providers
DB Schenker, MSC lock in net-zero biofuel deal to cut shipping emissions
Greg Knowler, Senior Editor Europe |
MSC vessels that transport containers for DB Schenker will use a blend of biofuel under an agreement designed to generate substantial cuts in CO2 emissions this year.
Maritime
Container Shipping News
Container lines
Forwarding
Trans-Pacific
Trans-Atlantic
Asia-Europe
Ex-Slync CEO Kirchner charged with defrauding investors of millions
Eric Johnson, Senior Technology Editor |
Federal authorities allege ex-Slync CEO Chris Kirchner took millions of dollars meant to fund the startup technology company and instead financed extravagant personal expenditures.
Logistics Technology News
Forwarding
Zero-carbon fuel crucial in meeting EU truck emissions targets: transport groups
Greg Knowler, Senior Editor Europe |
Meeting the EU road emissions targets will not be achieved by focusing exclusively on electric vehicles, with the combustion engine likely to play a significant role over the next two decades.
Trucking News
Forwarding
Truckload
Flexport debuts Shopify app in move to target small importers
Eric Johnson, Senior Technology Editor |
A new Flexport app on Shopify’s partner marketplace is likely to be the first of many initiatives between the forwarder and e-commerce storefront provider.
Logistics Technology News
Forwarding
DSV books record result for 2022, but warns that bull run for profits is over
Greg Knowler, Senior Editor Europe |
Denmark’s DSV collected record profits for 2022, but the forwarder says a return to a more “normal” market has begun.
Forwarding
Trans-Pacific
Trans-Atlantic
Asia-Europe
Air Cargo Forwarder News
Freightify lands funding to target digital rate management in North America
Eric Johnson, Senior Technology Editor |
Technology provider Freightify is aiming to empower forwarders to build an online quoting presence that would lessen their reliance on rate marketplaces.
Logistics Technology News
Forwarding
Magaya gets cash infusion to fuel customs-led international growth
Eric Johnson, Senior Technology Editor |
The software arms race taking place in the global forwarding space shows no signs of relenting, with Miami-based Magaya getting growth capital to fuel its international ambitions.
Logistics Technology News
Forwarding
Freightos goes public on NASDAQ in first measure of logistics tech value
Eric Johnson, Senior Technology Editor |
Freightos’ public listing on the NASDAQ will be the first test of how public investors value one of the more prominent logistics technology companies to emerge over the past decade.
Logistics Technology News
Container Shipping News
Forwarding
Air Cargo
Air Cargo Carriers News
Air Cargo Forwarder News
Supply chain
WiseTech makes US drayage play with acquisition of Envase
Eric Johnson, Senior Technology Editor |
WiseTech Global, owner of the most widely used forwarding software product, has acquired a prominent vendor of drayage management software, capping a year of takeovers for the company.
Logistics Technology News
Forwarding
Port News
Drayage
Supply chain
Big Flexport layoffs offer potential clue to its future identity
Eric Johnson, Senior Technology Editor |
Scrutiny over Flexport’s job cuts earlier this month points to a long-term issue for the venture-backed logistics company: a perceived lack of identity in a market that has long been skeptical of its differentiation.
Logistics Technology News
Forwarding
Trans-Pacific
Lack of data leaves shippers reliant on 3PLs to reduce Scope 3 emissions
Eric Johnson, Senior Technology Editor |
Pressure on shippers to take a more active role in bringing down so-called Scope 3 emissions covering the activities of a company’s third-party vendors — including transportation — has increased in recent years.
Transport, Trade, and Regulation News
Container Shipping News
Container lines
Forwarding
Logistics Technology News
ECU parent forms investment partnership with logistics-focused VC firm
Eric Johnson, Senior Technology Editor |
A partnership between venture firm Northstar and India’s Allcargo Group is meant to formalize their joint investment plans into logistics-focused startups over the next year.
Logistics Technology News
Container Shipping News
Forwarding
Supply chain
Declining freight demand prompts Flexport to cut 20 percent of global staff
Eric Johnson, Senior Technology Editor |
Falling demand for ocean and air freight services is driving headcount cuts across the logistics sector, with forwarder Flexport the latest to announce layoffs.
Forwarding
Trans-Pacific
Logistics Technology News
C.H. Robinson searching for new CEO — and new course for growth
William B. Cassidy, Senior Editor |
The change in leadership is likely to accelerate strategic changes in planning and capital spending at C.H. Robinson that have been under way since last March at the urging of investors.
Surface
Forwarding
Truckload
Logistics Technology News
Small forwarders, technology vendors link up in pursuit of new products
Eric Johnson, Senior Technology Editor |
Partnerships between small forwarders and early-stage software vendors offer a symbiotic opportunity to shape product direction that is not possible with more established technology providers.
Logistics Technology News
Forwarding
Pandemic profits leave 3PLs well positioned as freight demand wanes
Eric Johnson, Senior Editor |
After two years of record profits, a continued softening of demand and increased competition will put forwarding margins under pressure in the first half of 2023.
Forwarding
Container Shipping News
Contract rates on trans-Pacific, Asia–Europe set to tumble: analyst
Greg Knowler, Senior Editor Europe |
Long-term rates on major trade lanes out of Asia have fallen steadily through Q4 as shippers sign fewer contracts and instead ride the collapsing spot markets.
Container Shipping News
Container lines
Forwarding
Trans-Pacific
Asia-Europe
Forwarding tech providers push into US trucking market
Eric Johnson, Senior Technology Editor |
The need for forwarders to tether quoting and tracking in international freight modes to US surface modes has been highlighted by new offerings from ECU Worldwide and Freightos.
Trucking News
Forwarding
Truckload
LTL
Intermodal providers
Air Cargo Forwarder News
Logistics Technology News
Calmer supply chain waters beckon in 2023
Bill Cassidy, Senior Editor |
As the US economy slows, logistics managers are searching not just for lower supply chain costs but a normalization of freight flows and networks, a level of stability and predictability that remains elusive.
Container Shipping News
Forwarding
Trucking News
North-American rail
Trans-Pacific rates settling at a shifting bottom: sources
Bill Mongelluzzo, Senior Editor |
Carriers, forwarders, and shippers say there will be no pre-Lunar Year bump in rates because they expect US demand to remain weak while exports from China decline further.
Container Shipping News
Container lines
Forwarding
Trans-Pacific
North American ports
Carriers halt spot bookings from South China amid capacity crunch: forwarders
Keith Wallis, Special Correspondent |
China’s exports fell almost 9 percent in November, while carriers continue to pull significant levels of capacity on trans-Pacific and Asia-Europe services.
Container lines
Forwarding
Trans-Pacific
Asia-Europe
Costco exits ship chartering with $93 million charge
Michael Angell, Associate Editor |
Peak supply chain congestion prompted major US retailers to charter their own ships, but Costco is now unwinding that bet.
Forwarding
Breakbulk News
Volume, rates will decline through Q1 2023: ONE’s Nixon
Greg Knowler, Senior Europe Editor |
Singapore-based carrier ONE expects to end its fiscal year with profits below the record earnings generated in FY2021 with no short-term improvement likely in container shipping markets.
Forwarding
Trans-Pacific
Asia-Europe
Ocean freight rates may slide to pre-pandemic levels by end of year: HSBC
Greg Knowler, Senior Europe Editor |
Tumbling rates and an injection of capacity as congestion clears has become a price-destroying tool on the major export trades out of Asia.
Forwarding
COVID-19 gives rise to new risk calculus for supply chains
Peter Tirschwell |
The legacy of the pandemic’s effect on supply chains will be less about permanent cost increases and more about permanently altered attitudes towards risk, writes JOC’s Peter Tirschwell.
Forwarding
Higher costs, poor vessel reliability continue to hinder US ag exports
Michael Angell, Associate Editor |
US agriculture shippers still face challenges and elevated costs in reaching overseas markets due to unexpected billing from ocean carriers and uncertain vessel schedules.
Container lines
Forwarding
Breakbulk carrier, box maker team for trans-Pac domestic container service
Michael Angell, Associate Editor |
Carrier53, a joint venture of a breakbulk vessel operator and container manufacturer, said it will offer trans-Pacific sailings from China to the US West Coast with a special emphasis on domestic intermodal containers.
Container lines
Forwarding
Breakbulk carriers
Weakening ocean market not yet in shippers’ favor: analysts
Greg Knowler, Senior Europe Editor |
Container shipping trades out of Asia will continue to slow through the second half of the year as the global economy contracts, but carriers and analysts say it will be a gradual weakening of demand and rates rather than a sharp drop.
Forwarding
Vessel delays costing shippers billions: Sea-Intelligence
Greg Knowler, Senior Europe Editor |
A new report is putting hard figures to the costs of high demand, port congestion, and the resulting increase in inventories.
Forwarding
Capacity management will stabilize rates despite growing orderbook: carriers
Greg Knowler, Senior Europe Editor |
The container ship orderbook currently stands at 26.7 percent of the global fleet, with much of the new capacity to be delivered in 2023 and 2024, but carriers have no intention of allowing the additional supply to undermine rates and profitability.
Forwarding
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